P/E ratio for Obsidian Energy (OBE)
P/E ratio as of April 2024 (TTM): 1.26
According to Obsidian Energy's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.25901. At the end of 2022 the company had a P/E ratio of 0.9011.
P/E ratio history for Obsidian Energy from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 0.9011 | -3.31% |
| 2021 | 0.9319 | -1136.05% |
| 2020 | -0.0899 | 3.15% |
| 2019 | -0.0872 | -90.04% |
| 2018 | -0.8757 | -89.73% |
| 2017 | -8.53 | 408.09% |
| 2016 | -1.68 | 674.05% |
| 2015 | -0.2168 | -68.61% |
| 2014 | -0.6907 | -86.18% |
| 2013 | -5.00 | -116.52% |
| 2012 | 30.3 | 114.05% |
| 2011 | 14.1 | 40.36% |
| 2010 | 10.1 | -116.82% |
| 2009 | -59.9 | -1638.12% |
| 2008 | 3.89 | -89.07% |
| 2007 | 35.6 | 241.4% |
| 2006 | 10.4 |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.